Solowin Holdings (AXG) Balance Sheet: Assets & Liabilities

Solowin Holdings (AXG) Balance Sheet

As of Mar 31, 2026 (end of fiscal 2026), Solowin Holdings reported total assets of $50.71M and total liabilities of $25.59M. Shareholders' equity was $25.11M, up 430.8% from $4.73M a year earlier. Total debt stood at $6.46M against $20.65M in cash and short-term investments, a net cash position of $14.19M. That puts debt-to-equity at 0.26, compared with 0.11 a year earlier.

Solowin Holdings Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Solowin Holdings (AXG) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Current Assets
Cash and Cash Equivalents	16.80	3.84	2.14	1.93	0.98	0.54
Short-Term Investments	3.85	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	20.65	3.84	2.14	1.93	0.98	0.54
Accounts Receivable	11.60	0.19	2.89	1.70	0.25	0.06
Inventory	0.00	0.00	0.00	0.00	0.00	11.74
Other Current Assets	0.07	0.01	0.01	6.10	0.01	0.91
Total Current Assets	37.66	9.66	12.80	9.72	9.10	13.24
Non-Current Assets
Property, Plant & Equipment (Net)	2.74	0.83	1.21	0.28	0.14	0.31
Long-Term Investments	8.02	0.37	0.25	0.00	0.00	0.00
Goodwill	0.05	0.00	0.00	0.06	0.06	0.06
Intangible Assets	0.61	0.09	0.08	0.01	0.06	0.01
Other Non-Current Assets	0.19	1.37	11.72	0.16	0.16	0.11
Total Non-Current Assets	13.05	2.65	2.61	0.50	0.36	0.48
Total Assets	50.71	12.31	15.40	10.23	9.46	13.72
Current Liabilities
Accounts Payable	2.84	5.02	5.11	6.35	7.29	11.98
Short-Term Debt	5.23	0.42	0.63	0.16	0.10	0.16
Accrued Liabilities	2.40	0.52	0.23	0.16	0.07	0.02
Deferred Revenue	0.00	0.00	0.00	0.12	0.00	0.00
Other Current Liabilities	-8.47	1.48	0.24	0.17	0.07	0.02
Total Current Liabilities	24.36	7.49	6.04	6.79	7.46	12.16
Non-Current Liabilities
Long-Term Debt	1.23	0.08	0.44	0.10	0.00	0.10
Other Non-Current Liabilities	2.28	0.00	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	1.23	0.08	0.44	0.10	0.00	0.10
Total Liabilities	25.60	7.58	6.48	6.89	7.46	12.26
Stockholders' Equity
Common Stock	0.02	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-27.70	-14.52	-5.98	-1.43	-2.78	-1.80
Accumulated Other Comprehensive Income	0.02	0.03	0.00	-0.02	-0.01	0.00
Additional Paid-in Capital	52.83	19.22	14.91	4.79	4.79	3.27
Minority Interest	-0.06	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	188.95	16.48	15.50	14.00	14.00	-
Total Stockholders' Equity	25.11	4.73	8.92	3.34	2.00	1.46
Total Liabilities & Equity	50.71	12.31	15.40	10.23	9.46	13.72

Source: Company financial statements from annual and quarterly filings. Data as of Mar 31, 2026. Data sources and methodology

Frequently Asked Questions About Solowin Holdings Balance Sheet

How much debt does Solowin Holdings have?

Solowin Holdings had total debt of $6.46M as of Mar 31, 2026, against $20.65M in cash and short-term investments. Its debt-to-equity ratio was 0.26. Total debt was $503.00K a year earlier.

What are Solowin Holdings's total assets?

Solowin Holdings reported total assets of $50.71M as of Mar 31, 2026, up 312.0% from $12.31M a year earlier. Total liabilities were $25.59M.

What is Solowin Holdings's shareholders' equity?

Solowin Holdings's shareholders' equity was $25.11M as of Mar 31, 2026, or about $0.13 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition